Obtuse Company's Fixed Costs Total $150,000, Its Variable Cost Ratio

question 27

Multiple Choice

Obtuse Company's fixed costs total $150,000, its variable cost ratio is 60% and its variable costs are $4.50 per unit. Based on this information, the break-even point in units is:

• A) 50,000.
• B) 37,500.
• C) 33,333.
• D) 100,000.

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Definitions:

Wilcoxon Signed-Rank Test

A nonparametric statistical hypothesis test used to compare two related samples, matched samples, or repeated measurements on a single sample to assess whether their population mean ranks differ.

Matched Paired

A study design in which subjects are paired based on certain criteria, with each pair receiving different treatments for comparison of the effects.

Direction Of Difference

Refers to the predicted or observed direction of relationships or differences between variables in statistical analysis, indicating whether the effect is positive or negative.

Sign Test

A statistical procedure used for assessing whether paired observations have different median values, without assuming any specific data distribution.